Aeroplane in Flight

WFW Paris advises on the financing for Mayotte airport infrastructure

8 December 2011

Watson, Farley & Williams, a leading international law firm, is pleased to announce that it has acted as legal counsel for the lenders in the financial structuring of the engineering, construction, maintenance and operation of Dzaoudzi airport on the French island of Mayotte in the Indian Ocean.

As the only airport serving the island of Mayotte, Dzaoudzi is essential to the opening up of France’s newest region. Mayotte went from being an ‘overseas community’ to being named France’s 101st region following a referendum in March 2011.

Financing for the operator, Société d’Exploitation de l’Aéroport de Mayotte (the SNC-Lavalin Group) involved three bank loans consisting of one short-term loan and two long-term loans, amounting in total to €54 million. BPCE IOM and Banque de la Réunion acted as arrangers and lenders with Natixis acting as hedging bank.

The Watson, Farley & Williams team was led by banking and finance partner Eric Villateau, assisted by Olivier Challine (assistant) while Lucien Rapp (partner) and Laurent Battoue (assistant) advised on the public law aspects.